Dala Group LLC Takes $1.92 Million Position in Axon Enterprise, Inc $AXON

Dala Group LLC bought a new stake in shares of Axon Enterprise, Inc (NASDAQ:AXON) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,424 shares of the biotechnology company’s stock, valued at approximately $1,920,000. Axon Enterprise comprises about 1.6% of Dala Group LLC’s investment portfolio, making the stock its 13th largest holding.

A number of other large investors also recently added to or reduced their stakes in AXON. Creative Financial Designs Inc. ADV purchased a new stake in Axon Enterprise during the fourth quarter valued at about $28,000. Camelot Portfolios LLC purchased a new position in shares of Axon Enterprise in the fourth quarter worth about $30,000. AlphaCentric Advisors LLC bought a new stake in shares of Axon Enterprise in the 4th quarter valued at about $34,000. Darwin Wealth Management LLC bought a new stake in shares of Axon Enterprise in the 2nd quarter valued at about $37,000. Finally, Strive Financial Group LLC bought a new stake in shares of Axon Enterprise in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Axon Enterprise Stock Performance

Shares of AXON stock opened at $619.85 on Wednesday. The company’s fifty day moving average price is $532.07 and its 200-day moving average price is $473.93. The stock has a market cap of $50.36 billion, a PE ratio of 257.20, a price-to-earnings-growth ratio of 9.95 and a beta of 1.39. The company has a current ratio of 2.15, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47. Axon Enterprise, Inc has a 12 month low of $339.01 and a 12 month high of $794.29.

Axon Enterprise (NASDAQ:AXON) last issued its quarterly earnings results on Tuesday, August 4th. The biotechnology company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.04. Axon Enterprise had a net margin of 6.19% and a return on equity of 2.84%. The company had revenue of $904.39 million during the quarter, compared to analyst estimates of $876.42 million. During the same period last year, the business earned $2.12 EPS. Axon Enterprise’s quarterly revenue was up 35.3% compared to the same quarter last year. On average, equities analysts expect that Axon Enterprise, Inc will post 2.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Joshua Isner sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $488.45, for a total value of $6,349,850.00. Following the sale, the president directly owned 169,125 shares of the company’s stock, valued at $82,609,106.25. The trade was a 7.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Caitlin Elizabeth Kalinowski sold 564 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $478.97, for a total value of $270,139.08. Following the completion of the sale, the director directly owned 3,632 shares in the company, valued at approximately $1,739,619.04. This represents a 13.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 68,989 shares of company stock valued at $36,016,932. Insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AXON. Zacks Research lowered Axon Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. The Goldman Sachs Group reiterated a “buy” rating and issued a $715.00 price objective on shares of Axon Enterprise in a research report on Thursday, August 6th. Needham & Company LLC reissued a “buy” rating on shares of Axon Enterprise in a research note on Thursday, August 6th. Royal Bank Of Canada restated an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Axon Enterprise from $750.00 to $755.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Axon Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $730.92.

Axon Enterprise Profile

Axon Enterprise, Inc develops technology and weapons systems for public safety and law enforcement agencies, combining hardware, software and cloud services. The company’s hardware portfolio includes conducted energy weapons (commonly known as TASER devices), body-worn cameras and in-car camera systems. Axon pairs these devices with a suite of connected products and accessories designed to capture, store and manage field evidence.

Beyond hardware, Axon operates a subscription-based software platform for digital evidence management, evidence review and records management.